Firsthand Bitcoin · Data · Bitcoin miners

Why mine bitcoin instead of buying it

A mining machine is a way to buy bitcoin at the cost of electricity. Hosted at our Argentina site on 5.75¢/kWh power, this is what that costs today, against the market.

One bitcoin, mined: $43,675 of electricity with a 13.5 J/TH machine. One bitcoin, bought: $72,752.

How mining works, in four numbers

Every ten minutes the network pays whoever finds the next block. Your share of that payment is your share of the world's computing power. Nothing else decides it.

Start where power is cheapest, buy the most efficient machine, then scale

Eight years of history say the same

104 of 261 machine-months, at 5.75¢ of purchases 2018–2022 ended with more bitcoin than buying.

Illustrations from live data, not a forecast. Mining output depends on bitcoin's price, difficulty and uptime, and isn't guaranteed. Nothing here is investment advice.